Lithium Energy says Solaroz scoping study demonstrates its extraordinary prospects
November 01, 2023 at 10:46 am EDT
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Lithium Energy Ltd (ASX:LEL) chairman William Johnson speaks with Proactive soon after the company unveiled the results of its scoping study for the Solaroz Lithium Project in Argentina’s Jujuy Province, which showcases its potential as a large-scale, long-life, high-margin venture with excellent ESG metrics. The study recognises the soaring demand for lithium driven by the global transition to electric vehicles (EVs). Solaroz benefits from a substantial lithium resource, with a projected production capacity of up to 40,000 tons per annum (tpa) of battery-grade LCE, achieved through conventional evaporation pond processing. The total JORC indicated and inferred mineral resource estimate (MRE) stands at 3.3 million tons of LCE, including a high-grade core of 1.3 million tons of LCE.
"We are extremely pleased with the results of the scoping study, confirming the Solaroz Lithium Brine Project as a high-margin project with significant upside, positioned to become a material producer of battery-grade lithium into the accelerating demand curve of the net zero energy transition," Johnson said.
"As the global economy decarbonises, the supply of lithium remains of great importance to fulfil electrification demand. We are proud to demonstrate such a strong project at Solaroz and are excited to move forward with its next stage of development.
"Lithium Energy is committed to building a project with world class environmental credentials, to satisfy increasing global scrutiny on sustainable supply chains.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Lithium Australia Limited is an Australia-based company, which develops processing technology to produce lithium ferro phosphate, and also develops lithium extraction technology. The Company's Lithium Chemicals segment consists of research and development of a suite of extraction and refining technologies for the recovery of lithium chemicals from various materials, including spodumene, lithium micas and end of life lithium-ion batteries. Its Battery Materials segment provides research and development of advanced, battery materials, including lithium ferro phosphate and lithium manganese ferro phosphate. Its Battery Recycling segment offers research and development of processing technology for mixed-battery recycling, as well as the sale of recovered energy metals. The Company shreds and recycles all types of end-of-life batteries at its Melbourne facilities. Its process involves recovery of energy metals as a mixed metal dust, which is then exported for further refining.
LITHIUM AUSTRALIA LIMITED 
